Data Bridge Market Research analyses that the polyoxymethylene (POM) market will witness a CAGR of 7.4% for the forecast period of 2021-2028 and is likely to reach at USD 7258.01 million by 2028.

Polyoxymethylene (POM) is a thermoplastic-based on formaldehyde. Polyformaldehyde, polymethylene glycol, and polyoxymethylene glycol are all names for POM. Precision items that require strong dimensional stability and sliding qualities are frequently made with POM resins. They're employed in various industries, including automotive, electrical and electronic, industrial, and medicine delivery.

The polyoxymethylene (POM) market is being driven by rising applications in the electrical and electronics industry and rising usage in the transportation sector. Demand for POM in packaging and consumer electronics is likely to drive polyoxymethylene (POM) market expansion even faster. Another significant factor is the growing trend in autos to replace heavy metal component items with light plastic material as well as the acceptance for POM in medical applications. In addition, the raw material manufacturing from natural gas and penetration of metal and UV detectable POM in the food and packaging industry will create ample opportunities for the polyoxymethylene (POM) market for the forecast period of 2021-2028.

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Some of the major players operating in the polyoxymethylene (POM) market report are Dow, DuPont, Polyplastics Company Ltd., Asahi Kasei Chemicals Corporation, Celanese Corporation, SABIC Innovative Plastics USA LLC, Mitsubishi Engineering-Plastics Corporation, China National Bluestar (Group) Co. Ltd, SABIC, Polyone Corporation, and Korea Engineering Plastics Co. Ltd., Jet-Hot, Inc., ICD High Performance Coatings, SPI Performance Coatings, and EverCoat Industries Sdn Bhd., among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Scope of the Polyoxymethylene (POM) Market Report: 

The polyoxymethylene (POM) market is segmented on the basis of type, process, grade and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of type, the polyoxymethylene (POM) market is segmented into homopolymer POM and copolymer POM.
  • On the basis of process, the polyoxymethylene (POM) market is segmented into injection molding, extrusion molding, and others. Others are further segmented into rotational molding, blow molding, and physical foaming.
  • Based on grade, the polyoxymethylene (POM) market is segmented into standard, reinforced, impact modified, recycled, uv stabilized, and special grade.
  • On the basis of end-user industry, the polyoxymethylene (POM) market is segmented into electrical and electronics, transportation, medical, food packaging, consumer goods and appliances, construction, and other end-user industries.

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Polyoxymethylene (POM) Market Regional Analysis/Insights

The Polyoxymethylene (POM) market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.

The countries covered in the Polyoxymethylene (POM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Polyoxymethylene (POM) within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Polyoxymethylene (POM) market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.

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